NFT Ltd (MI) Form 424B5 — Oct 13, 2026
NFT Limited (NYSE American: MI) is raising roughly $1.0 million gross ($875,000 net) via a best-efforts offering of 600,000 units at $1.00 plus 400,000 pre-funded units, each pairing a Class A share (or pre-funded warrant) with a five-year common warrant exercisable at $1.00. The price sits about 11% above the October 9, 2026 close of $0.9046, and Maxim Group LLC earns a 6% fee on a no-minimum, single-closing deal. The dilution overhang is heavy: this is the company's third offering in roughly a week on top of an 80,000,000-share private placement at $0.45 that closed October 7, 2026 for about $36 million.
Key figures
- Net Proceeds
- 875000
- Gross Proceeds
- 984000
- Offering Price
- 1
- Shares Offered
- 1,000,000 Units or Pre-Funded Units (600,000 Units + 400,000 Pre-Funded Units); plus 400,000 shares under Pre-Funded Warrants and 1,000,000 shares under Common Warrants
- Shares Outstanding
- 84,022,497 Class A shares pre-offering; 86,022,497 fully diluted after offering and warrant exercises
- Warrant term
- 5 years
- Offering expenses
- ~$55,000
- Accumulated deficit
- $30,500,922
- Placement agent fee
- 6.0% ($59,040)
- Share consolidation
- 1-for-80 effective May 18, 2026
- Last reported sale price
- US$0.9046 (October 9, 2026)
- September private placement
- 80,000,000 shares at $0.45 (~$36 million), closed October 7, 2026
- Common warrant exercise price
- $1.00
- Pre funded warrant exercise price
- $0.04
AI analysis
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